High-frequency traders: good, bad or ugly?

Our readers cast their scrutiny over high-frequency traders in last week's web poll and decided they were a good thing. Is nobody afraid of the robots?

High-frequency traders: good, bad or ugly?
Andy Haldane, Bank of England

In our web poll last week we asked about high-frequency traders, in response to comments made by Andy Haldane, the Bank of England’s head of financial stability, who compared last May’s flash crash to a physical catastrophe that we ignore at our peril.

In a speech he delivered in Beijing earlier this month, Haldane said that the drive to achieve zero latency, where trading converges at the speed of light, has destabilised markets and...

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